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ioc: IOC acquires Mercator Petroleum for Rs 148 crore

Indian Oil Corporation (IOC) has acquired Mercator Petroleum for about Rs 148 crore in an insolvency proceeding. As per the resolution plan, the company will pay Rs 135 crore to secured financial creditors, who had admitted claims of Rs 291 crore. ....

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IOC acquires Mercator Petroleum for Rs 148 crore

IOC acquires Mercator Petroleum for Rs 148 crore
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IOC acquires Mercator Petroleum for INR 148 cr, Auto News, ET Auto

Indian Oil Corporation (IOC) has acquired Mercator Petroleum for about INR 148 crore in an insolvency proceeding. As per the resolution plan, the company will pay INR 135 crore to secured financial creditors, who had admitted claims of INR 291 crore. ....

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Myanmar Business News in Brief | Myanmar Business Today

Three Indian firms sign oil exploration deals
Three Indian companies inked production sharing contracts (PSC)on offshore oil and natural gas exporation in Naypyitaw last week. Mercator Petroleum Ltd, in consortium with Oil India Limited, OilMax Energy Pvt Ltd and local firm Oil Star Management Service Co Ltd, entered into agreements with Myanma Oil & Gas Enterprise for Block M-4 (Moattama Offshore Area) and Block YEB (Tanintharyi Offshore Area). Both the blocks are in shallow waters with a vast area wherein Block M-4 covers approx 10,380 sq km and Block YEB covers 21,297 sq km. The companies will spend $120.9 million in one year observation period and six months exploration period for the two blocks. ....

Ministry Of National Planning , Oilmax Energy Pvt Ltd , Oil India , Mercator Petroleum Ltd , Health Ministry , Economic Development , Oil Star Management Service Co Ltd , Myanmar Investment Commission , Yangon City Development Committee , Myanma Oil Gas Enterprise For Block , Three Indian , Petroleum Ltd , Oil India Limited , Myanma Oil , Gas Enterprise , Moattama Offshore Area , Tanintharyi Offshore Area , National Planning , Yangon General Hospital , அமைச்சகம் ஆஃப் தேசிய திட்டமிடல் , எண்ணெய் இந்தியா , ஆரோக்கியம் அமைச்சகம் , பொருளாதார வளர்ச்சி , எண்ணெய் நட்சத்திரம் மேலாண்மை சேவை இணை லிமிடெட் , மியான்மர் முதலீடு தரகு , மூன்று இந்தியன் ,